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Hello Everyone, OK We have a 4 partner llc. One partner went off deep end and tried taking the business down. His actions and the opperating agreement clearly supports the force out. And we have verbaige for buy out after the valuation of the business. However, when all is calculated we anticipate that the value will be a -$100k payable to 2 partners. Since this partner that is being forced out, never contributed money, but has 32 % responsibility for the Profit/Loss during his involvement, can we actually charge him for 32% of the loss?
Many thanks.............Mike
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